Category Archives: Majors

18 Dec: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1750 €/Usd has traded a choppy 1.1818/1.1750 range on Friday, initially heading higher but then ending on the lows, with the dollar underpinned by the hopes at the tax bill will soon be passed. 1 hour/4 hour indicators: Neutral Daily Indicators: Turning lower Weekly Indicators:  Neutral Preferred Strategy:  For now I prefer to remain short Euro… Read More »

15 Dec: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1792 €/Usd has traded a choppy range of 1.1860/1.1770 on Thursday,  after the ECB left rates on hold, with Draghi’s upbeat Press Conference sending the Euro briefly to its highs before the dollar strengthened after the strong RS/jobs data, closing at familiar territory, just under 1.1800. 1 hour/4 hour indicators: Turning higher Daily Indicators: Turning lower… Read More »

14 Dec: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1825 €/Usd has traded a 1.1728/1.1830 range on Wednesday, sitting at the highs at the time of writing, with the dollar generally under pressure following the FOMC Meeting. We now await the ECB, BOE, SNB as well as the PMIs, US Retail Sales. 1 hour/4 hour indicators: Turning higher Daily Indicators: Turning lower Weekly Indicators:  Neutral… Read More »

13 Dec: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1746 €/Usd has traded a mostly heavy session after the softer ZEW,/stronger US PPI undermined the Euro although the dollar then gave back some of its gains after headlines came through that Senator Rand Paul feels unable to vote for raising the US budget deficit. We now await the upcoming US CPI and the FOMC/ ECB… Read More »

12Dec: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1766 €/Usd has traded a little higher in a tight session for much of Monday (1.1763/1.1811) before giving up the gains late in the day, while waiting on the upcoming FOMC/ ECB meetings, with much of the action coming through the crosses, where EurJpy and EurGbp were prominent drivers. As before,  the 4 hour/daily momentum indicators… Read More »

11 Dec: Forecast: FX: US$/Majors + trade ideas

Friday’s NFP report showed 228k growth in jobs in November, above expectation of 200k, while the previous month’s figure was revised down to 244k from 261k. The headline unemployment rate was unchanged at 4.1%, as expected, but the main focus was on the average hourly earnings, which only rose 0.2% mm, below expectation of 0.3% mm, causing a… Read More »

8 Dec: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1773 €/Usd is lower at the ends of Thursday’s session as the dollar remains strong amid optimism that the U.S. tax reform bill will pass by the end of the year. Finishing near the lows of 1.7770, we will now await the release of the NFP later today. The Euro also looks set to stay under… Read More »

7 Dec: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1792 €/Usd is a little lower having traded a 1.1780/1.1847 range and is currently sitting right on the 100 DMA which may act as a magnate today although the short term momentum indicators hint at lower levels ahead. 1 hour/4 hour indicators: Turning lower Daily Indicators: Possible topping formation Weekly Indicators:  Neutral Preferred Strategy:  The short… Read More »

6 Dec: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1825 €/Usd is a bit lower today, with the dollar buoyed by enthusiasm for the US tax bill being passed. The pair is currently sitting just above the 100 DMA which may provide support today although the short term momentum indicators hint at lower levels ahead. 1 hour/4 hour indicators: Turning lower Daily Indicators: Possible topping… Read More »

5 Dec: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1852 After gapping lower at the open, €/Usd had a choppy session in a tight range, with more of the same looking likely. The PMIs will be the major focus today. 1 hour/4 hour indicators: Neutral Daily Indicators: Possible topping formation Weekly Indicators:  Neutral Preferred Strategy:  The short term momentum indicators look pretty neutral and another… Read More »